Month-over-month, pending home sales rose 4%, the biggest increase in over two years. A new report breaks down the latest, including the resurgence of bidding wars.
Read More »December Home Sales Fall Over 6% YoY
Existing-home sales faded 6.2% in December over the same month in 2022 while the median existing-home sales price rose 4%.
Read More »Desire for Luxury Homes Driving Market Optimism
Luxury consumers brought fresh energy to the housing market in 2023 as their ability to pay cash for a home and ignore the lock-in effect increased, according to a new Coldwell Banker Global Program report.
Read More »Dropping Rates Should Boost Home Sales in 2024
Fannie Mae’s Economic and Strategic Research Group predicts a gradual return to a more “normal” housing balance in 2024.
Read More »CFPB Aims to Close Overdraft Loopholes
Overdraft fees—colloquially known as “junk fees” in most circles—cost Americans billions of dollars a year, but a proposed rule from the Consumer Financial Protection Bureau would close one avenue of racking up these charges.
Read More »Gen Z Homeownership Rates Stagnate; Other Cohorts Post Gains
In 2023, Redfin found that Gen Zers were tracking ahead of where their parents were at the same age, but their homeownership rates still trailed behind compared to those of previous generations.
Read More »Q4 Single-Family Home Prices Increased More Than 7%
Quarterly, home prices rose a seasonally adjusted 1.7% in Q4 2023, a deceleration from 2.1% growth in the third quarter.
Read More »Fewer Homeowners Held Onto Ultra-Low Interest Rates in 2023
The number of homeowners with relatively low rates has fallen because many have given up on waiting to move until rates fall, and everyone who did so had to take out a rate at above 6%.
Read More »The Great Floridian Migration
Based on U-Haul's annual year-end Growth Index, Florida destinations dominated the list of the top-25 destination hotspots. Here's where else people are migrating.
Read More »Commercial Bankruptcies Spiked 70% Last Year
Commercial Chapter 11 Bankruptcies increased to 6,569 filings according to a new data report from Epiq AACER. Will that upward trend continue as we move into 2024?
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